The Majority of People Who Came to the Chesapeake During

question 56

Multiple Choice

The majority of people who came to the Chesapeake during the colonial period were:

• A)slaves.
• B)indentured servants.
• C)aristocrats.
• D)large landowners.
• E)single women.

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Definitions:

Coefficient of Elasticity

A measure of how much the quantity demanded of a good responds to a change in price, income levels, or other variables.

Labor Demand

The total number of hours that employers are willing and able to hire at a given wage rate, reflecting the need for workers in the production process.

Labor Demand Curve

A graph showing the relationship between the quantity of labor demanded by employers and the wage rate.